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on the trail. it is the gift that keeps on giving. >> how they can justify. raising taxes in the middle class. it has been buried in the last four years. how in the lord's name. >> that is nodt a froidian slip. plus three stories that happen to break before the election. a leftist new york attorneyy general looking to bash banks and that is as phony as a $3 bill. also a judge strikes down pennsylvania's voter id law and the obama administration is telling companies it is okay to disregard the law when it comes to handing out pink slips in advance to big budget cuts. all three happening before the election. mitt romney has finally put meat on the bones of his tax reform idea. he floated the idea of a $17,000 cap on tax reform reduction. >> you could say everyone is going to get up to a $17,000 deduction. you can fill that bucket if you will and higher income people might have a lower number. >> this is brand new stuff. we have howard dean former vermont governor and candidate. and let's look at this for a second. what do you think? a $17,000 cap on tax deductions for everybody as a way of bein
. >> first of all i don't have a $5 trillion tax cut. i don't have a tax cut. >> really? is that so? >> across the board for all american. >> 20% across the board. >> by 20%. >> i don't have a$5 trillion tax cut i don't have a tax cut. >> if you want to be president you owe the american people the truth. >> i will repeal obamacare. >> the best course for health care is to do what we did in my state. >> he is saying he would not cut education. >> he says we need more firemen and more policemen. >> did he not get the message or wisconsin? >> who is the real mitt romney? >> every day he is in a different position. >> i'm going to stop the subsidy for pbs. >> he is going to crack down on seseme street. >> i love big bird. >> elmo has to watch out. >> i think i get the last word. >> with 33 days until the presidential election moments ago on fox news mitt romney said he was completely wrong when he said that 47% of americans are hopeless losers. he was asked what he should have said. >> what would you have said if he did bring it up? >> well, clearly in a campaign with hundreds if not th
. governor romney has a perspective that says if we cut taxes skewed toward the wealthy and roll back regulations, we'll be better off. i have a different view. i think we have to invest in education and training. i think it's important for us to develop new sources of energy here in america. that we change our tax code to make sure that we're helping small businesses and companies that are investing here in the united states. that we take some of the money that we're saving as we wind down two wars, to rebuild america. and that we reduce our deficit in a balanced way that allows us to make critical investments. now, it ultimately is going to be up to the voters, to you, which path we should take. are we going to double down on the top down economic policies that helped get us into this mess? or do we embrace a new economic patriotism, that says america does best when the middle class does best? i'm looking forward to having that debate. >> governor romney, two minutes. >> thank you, jim. an honor to be with you and pleased to be with the president. i'm pleased to be at the university
taxes on people at the high end of the income scale apreposterous. i think you would agree. obviously if the republicans get into power they are going to cut taxes at the high income and he got on stage tonight and said no. >> romney's problem is that this debate is in 2012, not 1812. we have things we can hit a button to show what he has said before. no doubt mitt romney was at his best tonight but his best is not good enough. when you look at the fact that he's saying that taxes will not go up on the middle class, yet he is proposing all the way through this campaign, dealing with deductions in terms of mortgage investments, dealing with deductions in terms of charity, it will in fact go up on the middle class and a much lower tax rate for the rich. the fact will not bear him out. when he stood there all night advocating states' rights across the board, what is that saying to women about who is going to decide on women's issues? what is that saying to minorities t immigration? this man went back to the 19th century on states' rights all night long. when we hear him talk about things
tax returns. >>> and in voter suppression news, a big win for voters in a pennsylvania courtroom today. and in the rewrite, the only way mitt romney can win the debate, it was all laid out for him by the best republican presidential debater ever, who was of course a fictional character in the t.v. series "the west wing." nd.. ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. to start her own interior design business. she's got a growing list of clients she keeps in touch with using e-mail marketing from constantcontact.com. constantcontact is easy and affordable. it lets her send out updates and photos that showcase her expertise and inspire her customers for only $15 a month. [ dog barking ] her dream -- to be the area's hottest interior design office. [ children laughing ] right now, she just dreams of an office. get a free trial at constantcontact.com. most paints have color that sits on the su
they don't have enough time to explain how they will change your tax deductions, like your home mortgage tax deduction, in the romney/ryan tax plan. not enough time. they can't even say if you will pay more or less with their tax plan. well, mitt, i'm sure president obama will give you as many of his minutes as you need to explain it all in wednesday night's debate. >> mitt romney needs a great october. >> we know romney needs a great october. >> to change the course of this campaign. >> the final push is on. >> just days away from the first presidential debate. >> both candidates cramming for the first debate. >> everyone trying to lower expectations. >> franticly spinning to lower expectations. >> >> president obama is an experienced debatetor. >> i'm just okay. >> almost everyone seems to be muting enthusiasm in trying to undersell thvernlths is mitt's first time. >> i don't buy that. >> chris christie is taking a different tack. >> we have a candidate who is going to do extraordinary well on wednesday night. come thursday morning when we get to thursday morning, the entire narrative
plans to pay for $5 trillion tax cut by only eliminating deductions. >> there's an option. you could say everybody is going to get up to a deduction and you could use your home mortgage deduction or others, health care deduction and fill that bucket, if you will, the $17,000 bucket that way and higher income people might have a lower number. >> at least the plan has a name. it's the bucket plan. mitt romney will cap deductions at $17,000 for all americans. is that good for the middle class? do the math. for rich americans, the cap, it just might be lower than that. he was very vague on that point as well. the big problem with romney's bucket plan besides being hilarious is it would only cover $1 to $2 trillion of the $5 trillion tax cut. that's according to the tax policy center. they figured it out. even when romney gives specifics he doesn't answer the questions. e we still don't know how he plans to pay for the tax cuts without hurting the middle class. paul ryan is sticking to his reason for not giving any specifics to chris wallace on fox news. he said he had no time. >> i'm going t
week's debate, it's actually a plan to cut $5 billion in taxes, but he did it again tonight on cnn just a short time ago. the obama attacks are false, let's see what you think here. >> he ignores the fact that they're going to limit the deduction and -- he ignores that part. obviously that was corrected by the deputy campaign manager who stipulated the $5 trillion number was wrong. it's completely wrong. the combination of limiting deductions as well as growth of our economy will make up for the reduction in rate. >> bob shrum, thank got in the rest of this discussion with wolf blitzer, he clarified the fact he's going to cut $5 trillion in revenue, a lot of it from wealthy people. >>> he's not going to the bank, he's going to let that tax cut stand. you can call it a lie, he's cutting taxes for the rich. he says he's going to offset that, but when asked by wolf blitzer, are you going after where the money is, the mortgage deduction? rule going after charitable, which everybody seems to like? i'm not going to keep those preferences. how can he do it? is he houdini? >> he can't do it. th
rid of the charitable deduction, because that's the only way you have revenue neutrality in these tax cuts he's talking about. his only plan for economic improvement in this country is to cut the taxes mainly of the rich. that's his only plan. the only defense of this strategy is he's going to get rid of loopholes. tell us that, governor. show us what you're going to do or stop talking. i think he's got to be that aggressive. but the main message is, show me your cards. stop bluffing. >> we have seen a little bit of telegraphing this week from mr. romney, that maybe he will put some details into his economic talk. he's started to float some new ideas about taxes that he never floated before. my question is whether or not he thinks the right place to unveil those is in a debate setting. surprise the president with something he's never said before or if he wants to save that stuff for a more controlled environment. that will tell us as much about his temperament and his strategy as it will about his plans. let me bring in lawrence o'donnell, chris. lawrence is in the spin room tonight,
economic theory of tax cuts for the very rich, despite the fact that he denied the existence of tax cuts or the existence of math. the notion that let's go to war on wall street -- go to war with "sesame street" but give wall street a big wet kiss. that's exactly what got us into this mess. >> that's not what they saw. i get the interpretation. you have a campaign to win. but what they saw was one guy who seemed to be someone they'd never seen before. he shattered the fiction of the advertising. he was a guy brimming with new ideas and energy. and they saw the president of the united states sleep walking. >> mike, i don't think -- >> let me finish. the tired contrast rang a bell. romney has ideas, and the president has no vision for his second term. and i think that's what hurt him. >> mike, i don't doubt this was someone they had never seen before. i think there were people in the romney campaign who had never seen this candidate. a week ago paul ryan was asked to explain the math of a $4.8 trillion tax cut. and he said i don't have time. mitt romney said we just don't do math. like mat
has been running around the country for the last year promising $5 trillion in tax cuts that favor the wealthy. the fellow on stage last night said he didn't know anything about that. >> now larry, mitt romney is speaking this evening in virginia. we'll see both candidates in virginia and ohio over the next 24 hours. that will give viewers on television a chance to decide whether that was the real mitt romney last night or it was the real barack obama at the debate, larry. >> all right. many thanks, we appreciate it. >>> so mitt romney outhustled, outfacted, outenergized and outinformed president obama. msnbc's chris matthews, an old pal of mine, completely went off the rails. take a listen to this. >> where was obama tonight? romney, i love the split screen. staring at obama. addressing him like the prey. he did it just right. i'm coming at an incumbent. i got to beat him. you got to beat the champ and i'm going to beat him tonight. what was romney doing? he was winning. >> he sure was, chris. he was winning big time. so now that romney is on a roll, where does he run after last n
business going. helping small business. >> encouraging small business growth lowered taxes for small bidses. through small businesses. 97% of small businesses. >> it's small businesses. a guy who has a small business. successful small businesses. >> those small businesses. >> all the praise for small businesses and their owners obscures the questions we should ask. what counts as a small business and what is their role in the u.s. economy? many of these small businesses talked about are anything but small. in order to avoid paying income taxes, they use sole propriet proprietorships and s-corporations. the owners file the profits on individual tax returns making the term small business about the number of owners rather than anything else. as a result, these small business owners include partners of hedge funds. also, donald trump. >> under governor romney's definition there are a bunch of millionaires and billionaires who are small businesses. donald trump is a small business. i know he doesn't like to think he's small anything, but it's how you define small businesses to get business incom
, only 2 voted against the plan by the time we were finished. we didn't raise taxes. you raised them by a trillion under obama care. we didn't cut medicare. of course, we don't have medicare but we didn't cut medicare by $716 billion. we didn't put in place a board that can tell people ultimately what treatments they're going to receive. we didn't also do something that i think a number of people across this country recognize, which is put people in a position where they're going to lose the insurance they had and they wanted. right now the cbo says up to 20 million people will lose their insurance as obama care goes into effect next year. and likewise a study of mckinsey and company of american businesses said 30% of them are at risk of being dropped. for those reasons, for the tax, for medicare, for this board and for people losing their insurance, this is why the american people don't want obama care. it's why republicans said do not do this, and the republicans had the plan. they put a plan out. they put a bipartisan plan. it was swept aside. i think something this big, this impo
. >> at the debate he said he's not going to cut taxes for the wealthy. in the primary he said he's going to cut taxes for everyone. >> i'm going to lower rates across the board for all americans. isn't that a change? >> let me repeat what i said. >> lying, denying and alibiing. >> is that leadership? >> we can't debate the debate. >> the war continues. >> let's move on. >> we are awaiting a major foreign policy address. >> romney boiled down the president's foreign policy to one of hope. >> hope is not a strategy. >> but on actual foreign policy romney's specifics were rather thin. >> i'll support the libyan's people efforts to support a lasting government. >> how about iran? >> prevent them from acquiring nuclear weapons capability. >> that's the same. >> this is the same guy who couldn't even go to the olympics. >> he will say anything, he will do anything. >> his mention of russia. >> without question of number one geopolitical foe. >> there are two kinds of success, initial and ultimate. >> i still believe you in and i hope you still believe in me. if you vote for me in november i'll finish
is important for education purposes. >> i don't think cutting taxes or preking the wealthy is the way to go. >> i was lucky enough to find a job at the beginning of the summer, but it's really difficult to find a job when you're a college student. >> interesting. those students were in line to get tickets for president obama's speech later this week at the university of miami. in 2008, senator obama beat senator john mccain by 2 to 1 in the margin in the youth vote in this country. it's crucial for the president to get similar numbers this time around if he's going to win the state of florida. of course, to vote they must be registered and voter registration drives have been underway for months. according to statistics from the zx 2.8 million people are registered as independents or with a third party. the numbers are interesting, but it means nothing if there's no emotional component that will motivate them to do it. this is why the debates are so important in today's information culture. there must be a real emotional appeal by president obama if he's to succeed in getting these voters ou
because he denied the path he has chosen, denied the big tax cut from 35% down to 28% for people at the top bracket. the all-out elimination of the estate tax, the big-time cut in the corporate rate. he do denied his plan to limit nate medicare, denied he would kill coverage for those with pre-existing conditions. he got away without bolterring to deny his plan to let the automobile industry to go bankrupt and to dump 40 million people to wait in the energy ro emergency room. let's look at the some of the latest polling in the wake of wednesday's debate. this afternoon pew released a poll that showed a dramatic shift toward romney. this poll covers the four days sibts the debate and it has romney pulling even with president obama among registered voters, 46% even. four weeks ago pew had obama up by nine among registered voters, so this has been a huge shift in the pew poll. the move in the pew poll towards romney is greater among likely voters. romney is surging ahead to 49%. four weeks ago obama led among likely voters by eight. now to the latest gallup tracking poll which cover
the so-called political zingers. among the topics that generated the most heat, taxes. >> i don't have a $5 trillion tax cut. i don't have a tax cut of the scale that you're talking about. my view is that we ought to provide tax relief to people in the middle class. but i'm not going to reduce the share of taxes paid by high income people. high income people are doing just fine in this economy. they'll do fine whether you're president or i am. the people having the hard time are middle income americans. under the president's policy, middle income americans have been buried. they're being crushed. >> for 18 months he's been running on this tax plan. and now five weeks before the election he's saying that his big bold idea is never mind. and the fact is that if you are lowering the rates the way you describe, governor, then it is not possible to come up with enough deductions and loopholes that only affect high income individuals to avoid either raising the definite it or burdeneni ing the middle class. it's hamath. >> another hot topic, the deficit. >> it's now four years later, we stil
's got a lot of dough, and hasn't released any tax returns, zero tax returns i think. what did you find out, anything? >> billion in a prior story, not this story, when we looked at earmarks we did find earmarks that was very close to his undeveloped property. >> right, i saw a nice deal here on a land deal in 1998, 700 grand. anyway, just wondered. >> right, exactly. we have a whole host of stories that we've done that look more at this intersection between their duties and their personal assets and that's -- >> that's the best way, not with a couple of, you know, stock tips in congress. i like it ben they do the earmarks, where they buy something and then maybe check the former speaker, too. anyway, right? kimberly, thank you. appreciate it. >> thank you very much for having me. >> all right, see you. >>> oh, it's me. coming up, this morning's top stories set to foreboding music. the rails for the white house, both hitting the campaign trail. former governors face off in the issues and former hp boss carly fiorina, why she calls the board a serial dysfunction, and not like cereal. you
tax dollar may be going to neighbors and banks for home sales? why someone here says it's time to get the government out of the housing market. that's all ahead on the "closing bell." if we want to improve our schools... ...what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ...nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. >>> all right. we got more situations developing. yum brands out with earnings. to jane wells. she's got the latest on yum brands. over to you. >> yeah, maria. you had it right going into the break. they did beat the street on the bottom line, coming in at 99 cents, excludeing special items. that's up 19% from a year ago. the top line came in a little light. the street was looking for $3.65 billion. the real story is what's happening in china. they reported an operating loss in china last quarter. this time, as promised, they have returned to double-digit prof
. how they can justify -- how they can justify raising taxes to the middle class, who has been buried the last four years, how in lord's name can they justify raising their taxes with these tax cuts. >> dan, look, there is plenty of fodder for this debate without that. but since that is so 11th hour, is that expected to be played up heavily tonight? >> i don't think the obama campaign doesn't think this will be a distraction, but perhaps this will be something that governor mitt romney will jump on at some point during the debate. it is interesting, the vice president made those comments yesterday while campaigning in north carolina. and right after that, the romney campaign jumped all over those remarks. in fact, they put together a conference call to draw attention to that. the obama campaign fighting back saying that's an act of desperation and what the vice president was talking about is that there was this climate over the last four years that were created by decisions that were made in the previous administration. and so, again, they don't see it as a distraction, but i wouldn't
to convince other countries to join them in setting up that transactions tax. they're two short of the nine needed to push ahead with the plan. malta is also tough. somebody was just meeting in luxemburg, which is a small place. i don't know if it's bigger or smaller than liechtenstein. >> have you been to luxemburg? >> no. you? >> no. >> several considering a transactions tax separately because an eu agreement appears impossible at this time. wow. i should say becky and then are you supposed to say thanks, joe. >> i was going to skip that part. >> at your own peril. >> thanks, joe. >> french man and american for developing and inventing methods for observing tiny particles without destroying them. which is nice. you don't want to while you're studying something destroy it. ground breaking experimental enable measuring and manipulation of individual quanti quantum subpoenas. not maybe the latest stuff with the god particle, very close to the unified theory, but very exciting. you need a big, big -- >> interaction between light and matter. >> how do they not break it? >> hard to believe that
jobs to other countries. but the guy on stage last night, he said he'd never heard of tax breaks for companies that ship jobs overseas. never heard of them. and he said, if that's true, he must need a new accountant. so now we know for sure that wasn't the real mitt romney because the real mitt romney is doing just fine with the accountant that he already has. whoever it was that was on stage last night doesn't want to be held accountable for what the real mitt romney's been saying for the last year. >> president obama cannot rewind and unleash that last night at the podium? but the way he and his opponent's campaign have adjusted their tactics in moving on from last night's debate tells you more about where the campaign is going from here than any dial test you saw during last night's debate. that's next with jonathan alter. [ male announcer ] don't miss endless shrimp. try as much as you like, anyway you like. like new teriyaki grilled shrimp for just $14.99! my name is angela trapp, and i sea food differently. [ male announcer ] jill and her mouth have lived a great life. but
70% of the price of a gallon of gas. there are other things, marketing, taxes, things like that. we don't know the cause but we know one thing, the oil companies fully integrated make more money when the price of gasoline is higher. so, it's certainly more than coincidental that the price of gasoline stays higher longer than the price of oil. there's no evidence to show that there's something -- that there's a legitimate effort by oil companies to keep gasoline prices higher. it is certainly suspicious and certainly profitable for the oil companies. >> sterling, what's going to get gas prices down? that's all people care about. they keep hearing oil prices are going down, yet they drive to the pump and pay $4.50 or $5 a gallon? >> well, you can work three end of it. you can work it, supply. you can work on demand. and we're doing both of those. and you can work it volatility, which is a huge, huge factor. as i said, gas -- most of the retailers in my area are independent retailers. they don't lock in long-term or can't lock in long-term oil/gasoline contracts. >> but how much -- >>
to taxes and he wants to beat up on big bird. what governor romney says, you saw him pivot again today, he says well, that's just one example but you have to give examples and you have to start making choices. we have to review everything and we can't keep from china. it helps both of them. conservatives love to hear their candidate beating up on pbs, on government subsidies, saying i'm going to look at everything and cut, and if you're obama and trying to reach those moderate suburban women and keep them with you, their children probably watch big bird. >> gloria, john king, thank you very much. let us know what you think. we're on facebook. follow me on twitter. i'm tweeting in this hour. >>> up next, an exclusive interview with mitt romney. wolf blitzer sat down with him, asked him what president obama did not about the now famous hidden video in which mr. romney writes off the 47%. >> i'm curious, governor, how did that evolution in your thinking go on from the initial reaction, once that tape came out, to what you said the other day that you were completely wrong? [ woman ] ring. ring
and minimize taxes. they got him ted dead to rights again. i don't know if any american cares. do you remember how the kennedys made their money? >> i think there was some boot legging. >> might have been a little boot legging. john kerry married and then left his yacht in providence or something, didn't he. and then john edwards flipping his magnetic business card at all the ambulances going by made $80 million. it's weird, isn't it? >> he was a good lawyer. >> and a hell of a human being, too, johnny. we have ten seconds. >> i don't think additional incremental disclosures about offshore investments will make a big deal. >> all right, my friend, thank you. >>> when we come back, we'll get to kevin ferry from the cme, we'll find out what's most likely to drive action on the second day of the quarter. smart comes with 8 airbags, 3 a crash management system and the world's only tridion safety cell which can withstand over three and a half tons. small in size. big on safety. monarch of marketing analysis. with the ability to improve roi through seo all by cob. and you...rent from national. becau
repeatedly insisted he was not advocating a big tax kuchlt in fact, he declared unequivocally that he would not cut taxes at all if they added to the deficit at all. now, as "the washington post" reporter checks out, for two years rom hi has been campaigning on a tax cut that would cost around $5 trillion over ten years. he said he would eliminate deductions and spending to pay for it. he never offers details. he did say he would cut funding for public broadcasting which was 0.01% in 2012. medicaid was 0.13%. romney also spoke in favor of regulations including much of the dodd/frank bill and he repeatedly held up as a model his health care plan in massachusetts which has added center the individual mandate and on which obama care is based. romney's transformation did not happen overnight. the candidate has been reworking his stuck stuck speech. he has a five-point stump speech. the first four points are absolutely identical to obama's stump speech. 2, dough mess tech energy, 3, retraining programs, four, domestic. on five they differ. i've long argued that romney is an intelligent man trapp
, approach that he had last week on taxes. i'm going to have a huge tax cut for everyone but i don't have a plan. we're going to arm the good guys without the bad guys. i think he looks less serious in a speech when he's trying to talk about a way he would like the world to look -- >> latin america is another example. he had two sentences on latin america. that was hugo chavez. he didn't congratulate him on winning this weekend. but he -- >> i'm not sure he needed to. >> but two lines, two sentences on latin america, a great economic power down there, brazil, a company named after my own family. and no mention of brazil >> don't you think that this is the romney campaign trying to respond to what has frankly been a mix of sort of incompetence, blunders and inexplicable comments from the white house libya the last few weeks and that's why the focus was on middle east. >> perhaps on mitt romney's failure to establish himself as a world-class leader when you go to great britain and basically insult the people there, insult the people in poland -- >> but -- >> he did talk about a two-state so
said it yesterday, i will say it today, i loved him saying i will not cut a tax that will raise the national deficit. now, everybody can obsess on his 87 -- and obsess on what he said during the primaries. but that sent a message to me, jim vandehei. >> of the philosophy. >> that that philosophy, a moderate philosophy, a conservative with a small "c" philosophy, that i'm not going to be a crazy ideologue, i'm not going to slash first and ask questions later. i'm mindful that we live in a global -- on a global stage. where investors are scared to death that the u.s. is going to sink deeper in debt. he's striking, though, he's striking the right tone for me. i know he's striking the right tone now for a lot of americans. i don't think you can overstate the importance of that new tone. >> well, and if he were to win, and i still think it's a big if, he would have a lot of flexibility, i think, to do what you were talking about three or four minutes ago on the show, which is do a global deal that's positions the united states to really sort of take advantage of this global slowdown.
Search Results 0 to 49 of about 82 (some duplicates have been removed)

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